So they really don't own their things.

Yes so not owning consumer things is nothing new.

The problem is going to be when you do not own, for example, your retirement account and all payments go to the government. When it is yours, the money is there. With the government, it is just a chit. As with the US Social Security system, all payments go to fund present expenditures. Hence it is a glorified ponzi scheme.

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